IRA Lawsuit Shows Why Advisors Must Watch for Elder Financial Abuse

News February 08, 2024 at 02:41 PM
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What You Need To Know

  • A woman alleges her uncle abused her late grandmother and coerced her to change beneficiary amounts.
  • Advisors with aging clients should put safeguards in place early on and should treat beneficiary changes with caution.
  • Hiring professionals to hold power of attorney or execute a will can help families avoid conflicts of interest.

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